Umm Al Quwain Free Zone (UAQ FTZ) is a free zone in the United Arab Emirates that offers a number of benefits to businesses, including 100% foreign ownership, no income or corporate tax, low import and export duties, and state-of-the-art infrastructure.
To get a business license in Umm Al Quwain Freezone, you will need to follow these steps:
- Choose a business activity: The first step is to choose the business activity that you want to operate in UAQ FTZ. UAQ FTZ offers a wide range of business activities to choose from, so you can find the one that is right for your business.
- Choose a company structure: The next step is to choose the company structure that you want to use for your business. UAQ FTZ offers a variety of company structures to choose from, including free zone establishment (FZE), free zone company (FZC), and branch of an existing company.
- Submit an application: Once you have chosen a business activity and a company structure, you will need to submit an application to UAQ FTZ. The application form can be downloaded from the UAQ FTZ website.
- Pay the application fee: You will need to pay an application fee to UAQ FTZ. The application fee varies depending on the type of company that you are setting up.
- Submit the required documents: Along with the application form, you will also need to submit a number of required documents to UAQ FTZ. The required documents vary depending on the type of company that you are setting up, but they may include:
- Passport copies of the shareholders and directors
- Business plan
- Articles of association
- Memorandum of association
- Power of attorney (if applicable)
- Get approval from UAQ FTZ: Once you have submitted the application form and the required documents, UAQ FTZ will review your application and make a decision. If your application is approved, you will be issued with a business license.
- Pay the license fee: You will need to pay a license fee to UAQ FTZ. The license fee varies depending on the type of company that you are setting up.
- Open a bank account: Once you have been issued with a business license, you will need to open a bank account for your business. You can open a bank account with any bank in the UAE that operates in UAQ FTZ.
- Obtain a visa: If you are a foreigner, you will need to obtain a visa to work in UAQ FTZ. You can apply for a visa through UAQ FTZ.
Getting a business license in Umm Al Quwain Free Zone is a relatively straightforward process. By following the steps outlined above, you can get your business up and running in UAQ FTZ in no time.
BizDaddy is a leading business setup consultant that can help you get a business license in Umm Al Quwain Free Zone. BizDaddy has a team of experienced professionals who can guide you through the entire process, from choosing the right business activity to submitting the required documents.
BizDaddy offers a number of benefits to businesses, including:
- Expertise: BizDaddy has a deep understanding of the business setup process in Umm Al Quwain Free Zone and can help you avoid any mistakes.
- Connections: BizDaddy has a network of connections in Umm Al Quwain Free Zone, including government agencies, financial institutions, and other businesses. This can help you get the support you need to make your business successful.
- Convenience: BizDaddy offers a one-stop shop for getting a business license in Umm Al Quwain Free Zone. This means that you can deal with everything through BizDaddy, from choosing the right business activity to submitting the required documents.
If you are serious about getting a business license in Umm Al Quwain Free Zone, I highly recommend contacting BizDaddy. BizDaddy can help you make the process as smooth and stress-free as possible.